...what do you call a stock that's down 95%? A stock that was down 90% and then got cut in half. What do you call a stock that is down 97.5%...
Mine just says my wife’s first name. Spoiler Because when I talk to her on the phone, I call her by her first name.
The ARKK fall is pretty insane, you have a group innovation stocks somehow around 10% lower than they were pre pandemic? Cathie Wood kinda seems immune to getting shit on though, shouldn’t she be getting drug?
I mean the simplest answer is innovative doesn’t necessarily mean it’s priced appropriately. Tesla being worth a trillion dollars for instance is something I would say is not priced appropriately. Lots of the companies they owned had growth pulled forward during the pandemic and now in a more inflationary decade some tailwinds she had are now head winds. Also she is getting dragged.
Admittedly I haven’t watched CNBC as much during this downturn but really haven’t seen her brought up much.
I read through them all last night. Some good ones in there, thankfully I didn't embarrass myself too badly
The crazy thing is the cost basis average is $190 a share so the average investor is massively underwater.
Apple press release (NASDAQ:AAPL): Q2 GAAP EPS of $1.52 beats by $0.09. Revenue of $97.3B (+8.6% Y/Y) beats by $3.31B. Shares +2.3%. Products revenue of $77.46B. iPhone revenue of $50.57B. Mac revenue of $10.44B. iPad revenue of $7.64B Wearables, home and accessories of $8.81B Service revenue of $19.82B.
Update: May have set a record for how quick it could go wrong. Transaction date shows 04/29, but purchase date is 05/02 since it is next business day. Anyone know if I am going to miss out on the April rate?
I went to buy an I bond today and didn’t realize you needed to mail in some form to add an updated bank account. I had one saved from like 4 years ago that’s since been closed. So guess maybe I’ll look into it next week but annoyed I missed 6 months of the rate.
You missed out on the "6 months at 7.1%, then 6 months at 9.6%" issue. Yours will start at 9.6% for 6 months and reprice in October for the next 6 months.
Damn, was afraid of that, but didn’t see a single article saying you had to buy by close of business Friday. Every one gave you all the way through the end of the month.
Just checking in on my FUBO. At one point I bought a few shares at $38. Looks like it's still at $38.00. Wait, missed a decimal, it's $3.80
Overall savings/investments completely flat since Oct21. Been a fun last 7 months. Just gonna keep buying shares.
Yeah same. I'm still a couple of decades probably from retirement so while this sucks right now, I'm not terribly worried.
Might kill your 401k for now, but it’s also just a chance to load up 401k/Roth during a crash/recession.